When you live in South Florida, it only makes sense to be out on the water as often as you can. A boat is just as important as a home and a vehicle around here if you want to enjoy the area to the fullest. If you own a boat or other form of watercraft, then you need to get a boat appraisal Miami FL. Without it, you risk losing money on your pricey investment in the case of an accident or potential legal problems.
When you buy a boat, getting it appraised helps you to insure it for the amount that it needs to be insured for: the amount it’s worth, not what the insurance company says the market value is. In case the boat is damaged, say, in a boating accident or through a weather event, you’ll be covered, and you can get the money that your boat is worth from the insurance company more easily than if you didn’t have an appraisal.
In the case that you do have an accident, or the boat is somehow damaged, a diminished value-after accident valuation is good to have so that you know what the new market value of the watercraft is. If you want to sell it, having this kind of appraisal can help the sale go through as you will have documentation of what is/was wrong with the boat and what its new value is as a result of the damage.
Another good reason to have an appraisal in-hand is that when you are trying to sell your watercraft, a buyer may believe that you are trying to sell it for an amount that is too high. The appraisal can demonstrate that you are not a shady seller but one that takes their investment seriously and wants the best price for it.
An appraisal can also be very helpful in the case of an estate settlement, divorce, bankruptcy, finance appraisal, or other legal proceedings where knowing the value of the watercraft is necessary. No one wants to guess at the market value of something like a boat or other form of watercraft.
With our trained professionals and their access to an extensive database of comparable sales, we can pinpoint a fair market value for your boat. If you don’t have the knowledge of what to look for in determining a value for your watercraft, or even if you do, contact us for a boat appraisal Miami FL so that we can get you an informed, official appraisal that takes into account all aspects of it. That documentation is just what you need to get the right price for your craft from the insurance company or from a buyer.